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46129 W Kristina Way Maricopa, AZ 85139

3 Beds 2 Baths 1,911 sqft Built 2005

INVESTimate

$249,900

List Price

$1,290

$1,161 - $1,419

Rent Est.

$268,143  ( +7.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $130.77
  • 2 Days on Market
  • MLS # : 6122243
  • Updated Date : 08/25/2020 at 17:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,911 sqft
  • Baths : 2 full
Listing Agent

Lanier Real Estate, Llc

Listing Agent's Description

Spectacular single-level home with a pool in Maricopa Meadows! This 3 bed/2 bath home features an open floor plan, ample natural light, striking wood-look tile in all the right places, and new carpet in the bedrooms. The kitchen boasts new quartz countertops, exquisite cabinetry, and new stainless steel appliances. Out back, stay cool in the sparkling pool, a rare find in the neighborhood. Welcome home!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85139

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k277k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85139

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9781567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Maricopa Elementary School Primary Regular 732 39 4
Maricopa High School Middle Regular 1,796 70 3
Maricopa High School High Regular 1,796 70 3

Maricopa Elementary School

  • Education Level: Primary
  • # of students: 732
  • # of teachers: 39
4
GreatSchools Rating

Maricopa High School

  • Education Level: Middle
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating

Maricopa High School

  • Education Level: High
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$922
Property Tax -$230
Property Insurance -$64
HOA -$73
Property Management Fees -$99
CASH FLOW
-$99

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$249,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.30%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,510

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,290

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,385

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,2993$1,3254$1,3955$1,400
$1,400
RENT COMPS ANALYSIS
  • 46129 W Kristina Way Maricopa, 1
    • 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.68
    •  
  • 46163 W Guilder Avenue Maricopa, 2
    • 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.68
    •  
  • 45639 W Barbara Lane Maricopa, 3
    • 3 beds 3 baths ∙ 1,711 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,711 Sqft ∙ Built 2005
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.77
    •  
  • 46101 W Barbara Lane Maricopa, 4
    • 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 2005
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.72
    •  
  • 45673 W Dirk Street Maricopa, 5
    • 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
PROPERTY LISTING DETAILS
James Lanier
Lanier Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122243
Last Updated: 08/25/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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